Baking & selling bread

George Kariuki

Limuru, Kenya

100% repaid

Entrepreneur

Name

George Kariuki

Location

Limuru, Kenya

On-time repayments

56 weekly installments  •  80%

About Me

I'm a passionate baker.Nevertheless,I.m trained in High School language teaching.
I settled in the baking industry after dabbling in various businesses in diverse sectors including farming and transport.I chose the food sector owing to the fact that food is non seasonal and a mandatory item on the family budget.
My permanent address is Limuru township ,a town 25 km from the capital and renowned for the entrepreneurial spirit of her people.I resigned from my day job early last year to concentrate in my business,something that I always dreamed of.
I'm the sixth born in a family of ten ,something that taught me the art of coexistence and team play ;which are necessary essentials in business.
I'm seeking a partnership with lenders from the Zidisha forum for now and in the future expansion of this promising business.

My Business

Bread baking and selling is my business.My average monthly sales are usd 1500 with profits of usd 375.
Sweetfest bakery has been in operation for the last 1 year.It is strategically located in a densely populated residential area within Nairobi's Industrial area.
Currently,I sell 100 loaves daily against a backdrop of 500 loaves daily target by end of 2014.
My strength is in retailing a low cost bread to a target market that is very price-conscious.The following factors enable me to sell my bread at a whooping kes 10 lower than my competition;
a]Use of sweet flour composite flour
b]No transport costs as the bakery is within the target market
c]Reduced packaging costs
d]Use of low cost fuels
Competition and cash flow are the main challenges .My response to competition has been in strategic pricing.I also intend to enhance my sales by stocking other breakfast essentials mostly milk to ensure a one stop breakfast shop.
The investment advanced will be used to source raw materials in bulk thus enhancing my cost cutting measures.

Project Proposal

I wish to use the money to restock my bakery raw materials. Food prices have really gone up and buying in bulk is the only option.
I wish to buy cooking oil, wheat flour and sugar with these funds.

Feedback

9

None

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Project Info

Project Type

Pay It Forward

Disbursed amount

$168.32

Date disbursed

Jul 14, 2021

Cost to entrepreneur

Service fee: $8.41

Backers

V

Vivek

Arlington, VA, United States

Paul Buchheit

Mountain View, United States

Kathleen Coleman

Oregon, United States

EG

Erik G

Switzerland

Beatrice Milazi

Mumbwa, Zambia

Moment Mwiinga

Lusaka, Zambia

Ask George a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

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  • George Kariuki    Nov 15, 2021

    The Zidisha loans forwarded to me so far have proved to be invaluable. I really appreciate you, my lenders, for the great support in my side hustle endeavors.

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  • George Kariuki    Jul 14, 2021

    Thank you very much for funding my project. The money will go a long way in helping me improve my business. Your continued support is appreciated.

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  • Toheeb Ayorinde    Jul 14, 2021

    Good luck

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  • Erik G    Jul 13, 2021

    Hi George .. thanks for your communication and updates. Great to see. Also how you alway commit to repaying the loan. Happy to be able to help support your new loan request. All the best, Erik

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    • George Kariuki    Jul 13, 2021

      Hi Erik. Thank you very much for your continued support and good wishes. You're appreciated.

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  • George Kariuki    Jul 8, 2021

    Hi lenders. I appreciate your continued support.
    Your support has been phenomenal.

    Through my last loan, I procured a laptop and I now engage in online article writing when bakery business is not busy.
    I therefore have been able to diversify my earnings which has been vital during this post-covid times.

    Thanks.

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  • George Kariuki    Mar 6, 2021

    So far so good. My refurbished laptop is serving me well.

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  • George Kariuki    Feb 23, 2021

    Thank you very much for agreeing to fund my loan. I promise to repay your faith and generosity in kind.

    The loan will help me buy the laptop I have been planning to buy so I can now invest my free time in online work.
    Thank you so much.

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  • Jessica    Feb 23, 2021

    Good luck with your business George

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  • George Kariuki    Mar 15, 2019

    Thank you lenders for your continued support. You have been great partners in my baking journey. I used the last loan to solve my fuel problems.

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  • George Kariuki    Mar 5, 2019

    Thank you lenders for your continued help. I'm progressing on very well.

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  • George Kariuki    Feb 14, 2019

    Thank you very much my lenders. I will now get my briquettes without a worry. And with an uninterrupted fuel supply, business will be much better. Thanks.

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  • George Kariuki    Feb 11, 2019

    Thank you lenders for the previous loans. With the previous loan, I was able to buy business supplies in bulk. Buying stuff such as flour and cooking fat in bulk helped me qualify for discounts from the wholesalers.

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  • Mårten    Jan 25, 2019

    Belated Happy New Year George,
    and many thanks for the repaid loan!

    How's everything going in Sweetfest bakery?

    All the best,
    Mårten

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  • Zacharia Kwanya    Apr 8, 2015

    Hallo lenders am trying to reach George Kariuki but to no avail the phone keeps on ringing but there is no answer, i will keep on trying and then keep you posted.
    Wish you a great evening.

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  • Zacharia Kwanya    Mar 18, 2015

    Hallo lenders have been trying to reach George Kariuki but he's not reachable i have managed to speak to one of his referees who has promised to look for him then keep me posted on his whereabouts.
    otherwise have a great day lenders.
    Zachary Kwanya
    VM

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  • flaguy999    Feb 19, 2015

    Thanks for the update, glad to hear George will get his business back on track soon.

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  • Zacharia Kwanya    Feb 18, 2015

    Hello lenders am unable to reach George Kariuki but I managed to speak to one of his references and she told me that George is having some financial issues but soon hé will be back on track. Good Afternoon VM zachary

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  • Zacharia Kwanya    Jan 18, 2015

    Hallo lenders George kariuki cannot be reached yet but am trying all the efforts to reach him . I will keep you posted if i get him, thank you and God bless

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  • Zacharia Kwanya    Jan 12, 2015

    Hello George hope you are well, kindly update the lenders on your whereabouts we have tried to reach you but to no avail. Also Remember you can reschedule your payments so that you can be upto date with your payments . If you are not in a position to do so i can assist you. Have a great evening and i wish you all the best in your business

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  • flaguy999    Jan 3, 2015

    Thanks for the update, hope George is OK.

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